India reviews non-essential import curbs to support rupee
after close1 source ↓written by the desknot a recommendation
- in April
- $28.4 billion
- per dollar
- ₹96.5
The Indian government is reviewing non-essential imports to reduce the trade deficit, which widened to $28.4 billion in April. The rupee hit a record low of ₹96.5 per dollar. Measures may include higher duties or selective restrictions, aimed at boosting local manufacturing while avoiding supply chain disruptions. 📉
Not investment advice. For informational purposes only.